Punjab National Bank (PNB) has delivered impressive Q1 results, marked by a substantial 159% year-on-year increase in profit, driven by a sharp reduction in provisions and robust recoveries. The bank’s gross non-performing assets (NPAs) ratio has significantly improved, and its guidance for FY25 now forecasts a gross NPA ratio of 4%, down from the previous estimate of 5%.
Additionally, PNB has…
How to Check Your Income Tax Refund Status for FY 2023-24 (AY 2024-25)
By Ektha Surana Updated on: July 12th, 2024
If you’ve paid more taxes than your actual liability, you might be eligible for a refund from the Income Tax Department. Fortunately, the department offers a user-friendly online system for tracking the status of your refund. Here’s how you can check the progress of your refund…
Artificial Intelligence (AI) is increasingly reshaping the digital landscape, and Justdial, a pioneer in local search and business connections, is at the forefront of this transformation. The company is harnessing the power of generative AI to revolutionize its platform, aiming to deliver a more intuitive and informative experience for both consumers and businesses.
In an exclusive interview with…
In the Indian stock market, shares of Adani Wilmar Ltd, Adani Total Gas Ltd, and ACC Ltd have shown positive movement in Monday’s trading session as investors eagerly await their financial results for the June quarter. This uptick in stock prices is driven by anticipation of their earnings reports, which are expected to provide crucial insights into the performance and financial health of these…
As India’s infrastructure boom continues to drive massive demand for cement, a high-stakes battle is unfolding between two of the country’s most prominent billionaires. Gautam Adani and Kumar Mangalam Birla, both giants in their respective fields, are engaged in a fierce competition to dominate the cement sector—a market poised for explosive growth. This clash of titans highlights the…
US Presidential Election 2024: A Double India Connection as Kamala Harris Faces Off Against JD Vance
In a US Presidential Election that has been nothing short of dramatic, the stakes are high as the nation heads towards the November 5 showdown. This year’s contest is notable not just for its political intensity but also for its unique India connection, featuring two candidates with significant ties to the subcontinent.
Four years ago, Kamala Harris made history as the first female Vice…
As summer approaches with forecasts of unusually high temperatures, Orient Electric, a CK Birla Group company, is poised for significant revenue growth in FY24, driven by strong performance in its fans and coolers segments. Rakesh Khanna, MD & CEO of Orient Electric, shared his optimistic outlook, citing increased demand due to the anticipated heat.
Khanna noted that the company expects a…
The Aditya Birla Group has officially entered the Indian jewellery market with the launch of its new brand, Indriya. Chairman Kumar Mangalam Birla introduced the venture on Friday, July 26, in New Delhi, unveiling the Group’s ambitious plan to become one of the top three jewellery retailers in India within the next five years. This initiative is supported by a substantial investment of ₹5,000…
India’s market regulator, the Securities and Exchange Board of India (SEBI), has extended the ban on fugitive businessman Vijay Mallya, preventing him from accessing the securities market for an additional three years. This decision follows an investigation revealing that Mallya used complex financial maneuvers to funnel funds into the Indian securities market, masking his identity and engaging…
The Bitcoin Conference held in Nashville recently underscored cryptocurrency’s increasing mainstream acceptance with notable speakers including former President Donald Trump and presidential candidate Robert F. Kennedy Jr. The event, moderated by Rob Nelson from Roundtable, and featuring Noah Newton, CEO of Moby Media, and Sasha Mitchell, head of operations at BeL2, marked a significant push for…
